Fourth single family home investment

[Nathan Moore]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $420,000
Cash invested: $50,000

“Second home” investment

What made you interested in investing in this type of deal?

I had just received a 30k down payment from another owner financed deal and I wanted to get a “second home” and get some additional rental income.

How did you find this deal and how did you negotiate it?

I used Zillow and a previous realtor that we bought 2 other homes with.

How did you finance this deal?

I had 30K in cash from a previous deal/sale and was looking for a “big boy” home and level up.

How did you add value to the deal?

I didn’t change anything to the house but again decided to rent it out completely while I live abroad to take advantage of tax breaks.

What was the outcome?

I still own the home and get 3200 in rent each month.

Lessons learned? Challenges?

This was a cut and dry buy and hold. The only difficulty is getting renters occasionally.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Just used the builder’s recommended lender.